Price T Rowe Associates Inc. MD Purchases 745,686 Shares of monday.com Ltd. $MNDY

Key Points

• Price T Rowe Associates Inc. MD significantly increased its stake in monday.com Ltd. by 45%, owning 2,401,580 shares valued at approximately $583.97 million at the end of the first quarter.
• monday.com reported earnings of $1.09 per share for the most recent quarter, exceeding analysts' expectations of $0.84, along with a year-over-year revenue increase of 26.6%.
• Despite recent analysts' price target adjustments, the consensus rating for monday.com remains a "Moderate Buy" with a projected price target of $303.59.

Price T Rowe Associates Inc. MD increased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 45.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401,580 shares of the company's stock after purchasing an additional 745,686 shares during the period. Price T Rowe Associates Inc. MD owned 4.73% of monday.com worth $583,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sands Capital Ventures LLC lifted its holdings in shares of monday.com by 3.4% in the first quarter. Sands Capital Ventures LLC now owns 49,908 shares of the company's stock valued at $12,136,000 after buying an additional 1,630 shares during the period. Whetstone Capital Advisors LLC boosted its position in shares of monday.com by 0.6% during the 1st quarter. Whetstone Capital Advisors LLC now owns 79,270 shares of the company's stock valued at $19,275,000 after purchasing an additional 490 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of monday.com by 98.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock worth $224,759,000 after purchasing an additional 458,794 shares during the last quarter. Capital Fund Management S.A. grew its position in monday.com by 121.5% in the first quarter. Capital Fund Management S.A. now owns 72,064 shares of the company's stock worth $17,523,000 after buying an additional 39,536 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of monday.com by 3.3% in the first quarter. Hsbc Holdings PLC now owns 15,316 shares of the company's stock valued at $3,696,000 after buying an additional 488 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Up 2.9%

Shares of MNDY traded up $5.30 during mid-day trading on Thursday, hitting $187.10. 993,628 shares of the company's stock were exchanged, compared to its average volume of 919,115. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 253.06, a P/E/G ratio of 10.57 and a beta of 1.27. The firm has a fifty day moving average of $257.67 and a two-hundred day moving average of $270.08. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The firm had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. During the same period in the prior year, the business posted $0.94 earnings per share. The business's quarterly revenue was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several research reports. Oppenheimer began coverage on monday.com in a research note on Wednesday. They set an "outperform" rating and a $300.00 price objective for the company. Jefferies Financial Group decreased their price target on monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Wall Street Zen downgraded monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price objective on shares of monday.com in a research note on Monday, August 18th. Finally, DA Davidson cut their price target on shares of monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, monday.com currently has an average rating of "Moderate Buy" and a consensus price target of $303.59.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.